KOTTAYAM, AUG. 6:
Physical rubber prices improved on Tuesday. The market continued to suffer from acute shortage of the raw materials as widespread heavy rains were disrupting the tapping since last couple of months. According to observers, there were no active buyers or sellers, in the local trading houses and the prices improved amidst low volumes led by supply concerns.
Sheet rubber firmed up to Rs 195.50 (Rs 195) both at Kottayam and Kochi, according to traders and the Rubber Board. The trend was partially mixed.
August futures improved to Rs 194.90 (Rs 194.61) while, the September contracts weakened to Rs 183.90 (Rs 184.32), October to Rs 174.63 (Rs 174.99), November to Rs 168 (Rs 168.44) and December to Rs 167.10 (Rs 167.86) on the National Multi Commodity Exchange.
RSS 3 (spot) dropped to Rs 149.52 (Rs 150.11) at Bangkok. August futures closed at ¥249 (Rs 155.89on the Tokyo Commodity Exchange.
Spot rubber (Rs/kg): RSS-4: 195.50 (195); RSS-5: 191.50 (191); Ungraded: 181 (180); ISNR 20: 177 (177) and Latex 60 per cent: 163 (162).
Source: The Hindu
